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To: Dealer who wrote (28427)	8/10/2000 9:05:02 AM
From: Dealer	Respond to of 35685

CSCO--Thursday August 10 12:58 AM ET Cisco Stock Surges on Strong Earnings NEW YORK (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - news) shares surged, after the world's biggest maker of computer networking equipment reported better-than-expected fourth-quarter profits. Shares rose 2 5/16 to close at 67 13/16. Cisco was Nasdaq's most active issue by far as major brokerages across the board raised revenue and earnings estimates in the aftermath of Cisco's results. Cisco reported fiscal fourth-quarter earnings of 16 cents per share, topping the consensus forecast by a penny, and up from 10 cents, a year earlier. Revenue grew a stronger-than-expected 61 percent. Lehman Bros., Deutsche Banc Alex. Brown, UBS Warburg, Salomon Smith Barney and Chase H&Q all increased their earnings per share estimates for the Palo Alto, Calif.-based company. The brokerages maintained Cisco as a buy or strong buy, with most increasing their revenue estimates. ``We continue to view Cisco as the leading provider of Internet infrastructure with strong and relatively steady earnings growth,'' said Deutsche Banc Alex. Brown analyst Jim Wade. Donaldson Lufkin & Jenrette analyst Lissa Bogaty said Cisco should ``offer considerable upside potential'' and she raised revenue growth estimates to 50 percent from 40 percent. ``What jumped out at us was the multiplication of ways in which Cisco has brilliantly positioned itself to be able to uniquely supply certain important needs in the markets it serves,'' Bogaty said. Salomon Smith Barney analyst Alex Henderson raised EPS estimates for fiscal 2001 to 74 cents from 68 cents, and increased revenue forecasts to $28.37 billion from $26.7 billion. Profit from operations rose 69 percent to $1.2 billion, compared with $710 million, a year earlier. Sales also soared 61 percent to $5.72 billion, up from $3.56 billion.